21 March 2019

Greater China

  • People enjoy a sunny day at the Esplanade in Helsinki. Finland has been ranked the second happiest nation in the world for the second year in a row. Photo: Reuters

    Be generous – and be happy

    - Mar 21, 2019 1:08pm
    It is better to give than to receive because being generous would make you a happier person. This is one conclusion we can draw from the latest World Happiness Report, which suggests that donating time and...
  • China's revised foreign investment law will better protect the legitimate rights and interests of foreign businesses, Premier Li Keqiang claimed. Photo: Bloomberg

    China’s new foreign investment law seen as too general, hasty

    - Mar 21, 2019 9:00am
    The National People’s Congress, China’s parliament, last week passed a new Foreign Investment Law (FIL). Premier Li Keqiang said on Friday that the new law “will better protect the legitimate rights and interests of foreign investors.” ...
  • China needs to remove the foreign ownership caps in listed entities to accommodate the interests of overseas players, global asset managers say. Photo: Reuters

    China urged to scrap foreign ownership caps in listed firms

    Mar 20, 2019 9:21am
    An industry body representing global asset managers in Asia has urged China to lift foreign ownership caps in listed companies, Reuters reports. In a policy paper released on Wednesday, financial lobbyist ASIFMA called on Chinese regulators...
  • Premier Li Keqiang fields a wide range of questions from journalists during his annual press conference last Friday. Photo: Bloomberg

    The premier’s press conference

    - Mar 19, 2019 10:09am
    Press conferences generate news because of what a prominent person has to say, particularly in response to journalists’ questions. In China, the questions themselves are revealing, since they are screened and only those that suit the...
  • China's financial regulators need to come up with clear-cut policies to promote the healthy growth of fintech industry, says online peer-to-peer (P2P) lender Dianrong. Photo: Reuters

    China online lender Dianrong blames govt for its woes

    Mar 19, 2019 9:28am
    Chinese online peer-to-peer (P2P) lending platform Dianrong, which is laying off staff and shutting stores, has blamed the government for its troubles, saying the absence of clear-cut policies is proving to be a heavy burden, Reuters...
  • China plans to establish a “long-term mechanism” for the property market, which is seen heralding a long-expected property tax. Photo: Reuters

    China vows to promote stable and healthy property market

    Mar 19, 2019 9:15am
    China plans to set up a long-term mechanism in the property market, Reuters reports, citing Vice Premier Han Zheng. “We will steadily implement a pilot scheme under plans for a long-term mechanism to ensure stable and...
  • A file picture shows Han Kuo-yu  delivering a speech after winning the Kaohsiung mayor race on Nov. 24, 2018. The KMT politician is set to make a HK trip during which he is likely to meet up with the territory’s leader Carrie Lam (inset). Photos: CNSA

    Kaohsiung mayor Han Kuo-yu expected to meet Carrie Lam in HK

    - Mar 18, 2019 6:02pm
    Han Kuo-yu, the Taiwan KMT politician who was elected mayor of the city of Kaohsiung in November last year, will be making a trip to Hong Kong, Macau, Shenzhen and Xiamen starting from March 22, with...
  • China is dangling tax subsidies as it seeks to draw talents from outside the mainland to help with the Greater Bay Area plan. Photo; Bloomberg

    China to offer subsidies to lure talent to Greater Bay Area

    Mar 18, 2019 9:42am
    Chinese authorities announced over the weekend that subsidies will be granted to lure talent from outside mainland China to support development of the Greater Bay Area. The subsidies will be provided in nine cities in southern...
  • City governments are increasingly looking at big data technology to help manage urban planning better. Photo: Xinhua

    Bay Area test zone makes for good big data sandbox

    - Mar 15, 2019 12:09pm
    Big data development in major cities typically involves the following elements: building and improving internet infrastructure facilities; developing high-speed internet network; introducing e-government services and building a digital government; deep data analysis to enhance precise urban management; opening up and sharing...
  • The 12-storey Eslite building in Taipei has become a hotspot for Hong Kong visitors to Taiwan since the news of its imminent closure broke out. Photo: CNSA

    World’s first 24-hour bookstore to close next year

    - Mar 13, 2019 12:17pm
    Night owls who find reading more satisfying than sleeping were probably dismayed to hear Eslite’s announcement on Tuesday that its flagship store in Dunnan, Taipei, the world’s first 24-hour book shop, is likely to close when...
  • Peter Wong, a renowned entrepreneur who had been a member of the Hong Kong delegation to the National People's Congress since 1993, died Monday night at the age of 70. Photo: CNSA

    HK entrepreneur and NPC deputy Peter Wong dies at 70

    Mar 12, 2019 2:49pm
    Peter Wong Man-kong, a renowned entrepreneur who had been a member of the Hong Kong delegation to the National People’s Congress (NPC) since 1993, died Monday night at the age of 70. Wong’s family was by...
  • China has tightened restrictions on religions seen as a challenge to the authority of the ruling Communist Party. Photo: Reuters

    West using Christianity to ‘subvert’ power, says China official

    Mar 12, 2019 10:46am
    Western forces are trying to use Christianity to influence China’s society and even “subvert” the government, a senior official said, warning that Chinese Christians needed to follow a Chinese model of the religion. China’s constitution guarantees...
  • Mainland visitors contribute substantially to the growth of the tourism industry, but some of them have nasty habits that give headaches to their hosts. Photo: Reuters

    Some pesky tourist habits that hotels can do without

    - Mar 11, 2019 1:45pm
    Many countries and regions have seen a surge in their tourism industry as a result of the influx of Chinese visitors. But the coming of these big-spending, shop-till-they-drop travelers is not without its drawbacks. According to...
  • Xinhua News Agency introduced the robotic news anchor Xin Xiaomeng last Sunday to cover the proceedings at the annual session of the National People's Congress in Beijing. Photo: Xinhua

    Real news, fake news anchor

    - Mar 8, 2019 2:11pm
    US President Donald Trump abhors fake news, meaning news that is critical or unfavorable to him. China, on the other hand, makes fake news anchors. One shining spot of the ongoing National People’s Congress session in...
  • The Pearl River in Guangzhou. What should Hong Kong startups do to take advantage of the opportunities in the Greater Bay Area? Photo: Reuters

    Adventures in Greater Bay Area: Startup founders offer tips

    - Mar 8, 2019 1:40pm
    The Greater Bay Area is the Chinese government’s master plan for Hong Kong, Macau, and nine cities in Guangdong Province, with an aim to build a business and technology hub. The scheme brought excitement to many...
  • The Xuexi Qiangguo mobile app has been launched to promote Xi Jinping Thought. Photo: Reuters

    ‘Brainwashing’ projects take toll on China tech firms’ image

    - Mar 8, 2019 12:46pm
    On New Year’s Day, China’s officialdom launched a mobile app called Xuexi Qiangguo (學習強國), literally translated as “study to make the nation strong”, which is intended mainly for promoting Xi Jinping Thought. Authorities have mandated that...
  • A military police officer stands guard outside the Great Hall of the People in Beijing. China should step up efforts to build a new type of relationship between the government and the business sector. Photo: Reuters

    Chinese authorities offer reassurance to worried entrepreneurs

    - Mar 8, 2019 7:01am
    China’s policy always swings from one end to the other. The government has been cracking down on private enterprises in recent years, which has battered the confidence of Chinese entrepreneurs. However, the state policy is now shifting...
  • Kazakh President Nursultan Nazarbayev speaks during a congress of the Nur Otan ruling party. The Kazakh government seems to prefer not to provoke Beijing by criticizing the crackdown on Turkic Muslims in Xinjiang. Photo: Reuters

    Walking a Chinese tightrope: Kazakh’s quiet diplomacy

    - Mar 7, 2019 2:22pm
    The Kazakh government, in defense of Kazakh and by implication Central Asian behind-closed-doors diplomacy towards China in the face of mounting domestic pressure, has offered a rare public account of its ability to improve conditions for...
  • Launching a lawsuit against the US government, Huawei has pointed out that authorities have repeatedly failed to produce any evidence to support their curbs on the Chinese firm’s products. Photo: Reuters

    Huawei sues US govt over ‘unlawful’ equipment ban

    Mar 7, 2019 1:05pm
    Huawei Technologies on Thursday confirmed that it is suing the US government over a section of a defense bill passed into law last year that restricted the Chinese telecom equipment firm’s business in the United States,...
  • After falling into recession at the end of 2018 for the third time in a decade, Italy is seeking ways to boost the economy and revive the stalled construction sector. Photo: Bloomberg

    Italy mulls preliminary Belt and Road deal with China

    Mar 7, 2019 9:32am
    Italy is negotiating a preliminary deal to become a part of China’s “Belt and Road” infrastructure plan, in a move that could upset the United States, Reuters reports. If Italy signs an accord when Chinese President...

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